Vedanta, the asset 'ragbag' of the mining world
A less-than-favourable description of mining giant Vedanta in today's Financial Times may offer a useful explanation as to why it is one of the morning's biggest fallers.
A less-than-favourable description of mining giant Vedanta in today's Financial Times may offer a useful explanation as to why it is one of the morning's biggest fallers.
The FT described the stock as "a ragbag of assets, funded by a lot of debt and not a lot of their own equity," in its explanation of why the firm has continued its "dogged pursuit" of oil firm Cairn India.
The stock has lost 50% on its share price over the past year, equivalent to a whopping 1,060p.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
At 12:50PM the share price stood at 1,083p, for a loss of 2.52%.
NR
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Barclays begins paying up to £100 compensation to customers after banking outage
Barclays will pay up to £7.5 million in compensation to customers after its banking services were disrupted by an IT outage
By Daniel Hilton Published
-
Review: Shangri-La Paris – an ode to the world’s best food
Natasha Langan enjoys fine French and Chinese cuisine at the Shangri-La Paris
By Natasha Langan Published